PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332637
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332637
According to SPER Market Research, 'Offshore Helicopter Services Market Size- By Type, By Application, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Offshore Helicopter Services Market is predicted to reach USD 5.36 billion by 2033 with a CAGR of 6.23%.
Offshore Helicopter services provide crucial conveyance between land and isolated ocean regions such as oil rigs or facilities. These services use helicopters that are able to take off and land vertically, allowing them to reach isolated areas without the need for extensive runways. Helicopters serve as flying taxis, transporting people and cargo to and from remote regions in a safe and timely manner. They play a significant part in activities such as oil drilling and rescue missions.
The COVID-19 outbreak has had a significant impact on the global offshore helicopter services business. As the pandemic spread over the world, it caused disruption in a variety of businesses, including offshore operations. Due to decreased demand and falling oil prices, the oil and gas industry, a key consumer of offshore helicopter services, experienced a substantial slowdown.